Canada’s office sublet market – turning the corner?


In a prior blog in mid-May 2020, I mentioned that economic downturns are often a harbinger of a burgeoning sublet market in the commercial real estate sector.


During this hiatus from the physical office and ongoing debate as to what the post-pandemic workplace will look like, companies of all sizes and industry types have indeed flooded the market with millions of square feet of sublease space – some the result of direct or indirect financial hardship, others the result of weighing the options of a hybrid work environment.


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